SAP is doing exactly what i think management will do ( as mention previously ). First register a Profit, then Call PM daily for a Bailout. Politician donT like to rescue Dead Fish, cannot explain to Voters why take risky option eventhough 99% of SAP small contractors are Bumi. To force Commercial Banks for Haircut requires alot Arm Twisting from Bank Negara and PM's power to fire GLC Bank President like MayBank has very strong bearing on HairCut Decision
Good for SAP, not good for creditors. Court granted restraining order until next year, soon creditors will accept a slightly lower haircut, this is the turning point.
The Group recently received a drawdown of RM300 million from its existing working capital facility, backed by proceeds from the disposal of its pipe-laying and heavy-lift vessel Sapura 3000. It is also working to secure additional sources of funding----------------from Media Release _________________________ " working to secure additional sources of funding "--- I presume monies from PM
latest rumors from corridor of power bad news: PNB will dump 10% of their total share good news: Petronas will buy the 10% and becoming a new substantial shareholders
Looks like Zafrul and Ismail are following Najib's recommendation. To those who are already in, hold tight. To those who are still outside, the choice is yours. To Sapura haters, hope you guys still could make money here or anywhere else. TAYOR. Cheers!
SinGor, Tomorrow you will see Bankers that Lend alot monies to SAP will give "very High TP" to SAP and declare SAP out of Wood bcos High Oil price and most important-----No need HairCut
This is what Banker did to AAX....impairment 33 Billion( Malaysia Record )...reverse impairment in 6 months. Price at 0.512 so many virgins ikan bilis Bought for "long term "
do not be mislead......this is merely Q reports. Though Q report shows slight profit...but overall financial trouble PN17 still in deep shit for overall standing.
look carefully
Q1 FY2023 - PERFORMANCE Summary of Q1 FY2023 financial results: • Revenue of RM886 million • EBITDA of RM250 million • PATAMI of RM92 million
• New contract wins of RM2.5 billion, and RM0.2 billion new win by a joint venture company Sapura Energy Berhad (“Sapura Energy”) and its group of companies (“Group”) announced positive financial results in the first quarter of financial year 2023 (“Q1 FY2023”), posting Group profit after tax and minority interests (“PATAMI”) of RM92 million, on the back of earnings before interest, taxes, depreciation, and amortisation (“EBITDA”) of RM250 million and revenue of RM886 million.
Q4 FY2022 - PERFORMANCE Sapura Energy improved its performance from the preceding quarter ("Q4 FY2022"), when it posted a loss after tax and minority interests (“LATAMI”) of RM6.8 billion. In the same quarter, the Group recorded an operating loss of RM1 billion on the back of RM427 million revenue
As comparison based on performance output ROI - Even last Q4 FY2022 ended Mac 2022 LATAMI (RM 6.8 billon) exceeding mammoth quantum compare to Q1FY 2023 PATAMI of RM 92 mil.
like OutSpace and land..... the gap.... hahahaaha
Not convincing enough of the legacy blunder....still in zombie mode....
consolidation coming ???? OPR anticipated to move up 2.5%...... likely in the upcoming July BNM meeting spiked by 50 basis point (bps)..... Interest rate too follow in tandem. How funders to give haircut future loan in this trending environment
Mabel Energy Sapura Energy Battleship just release it Quarter Result.
Quarter Result on 30-Apr-2022: QoQ - 101.39% YoY - 194.71%.
Profit RM 87million
Great Progress. Resolving the past to regain a stable platform for the future with nice Order Booked and Fantastic Sales Funnel across the Globe. Good thing is the joint ventures (Brazil and E&P) seem to be doing well. Drilling Business as expected continue to perform
Fantastic Strategy to turnaround this Big Battleship..
Latest rumors from corridor of power Bad news: PNB will dump 10% of their total share Good news: Petronas will buy the 10% and becoming a new substantial shareholders
Looks like Zafrul and Ismail are following Najib's recommendation.
Next will be Mabel Energy Messi Dnex, Soon will be Mabel Energy Interceptor Cristiano Ronaldo Serba..
Life is so beautiful if you know what you are doing...
#TRexxx Ermmm.......! Can get some peanuts & a cup of Bobertea pls.... Ops...! Make it xtra large pls...... Got to wait & wait & wait & wait.... 27/06/2022 11:32 PM
10b is an astronomical figure...93m profit per quarter seems peanuts... but at least the so called reset plan is moving... forex gains this quarter should also means forex gains next quarter as ringgit remains weak against USD... over 8b in order books and possibly more to come from Petronas and elsewhere...reset plan green shoots will grow taller in a couple of years...SE seems to have a higher chance to get govt ball out compared to SD.
SE is not just having dripping. It is in ICU condition. Zombie better than SE... Still can walk ard & hunting ard... Aiya.... Those invest SE, u shld know the risk. U know salted fish are salty, u still like to having it..... Yum! Yum!
Posted by Ninth007 > 8 hours ago | Report Abuse
Yabaa double do Siapa sakit hati tu
Hahahahaha Everyone know Mother is woman Father is man Hahahahaha
Forex Gain will be a significant number for many Qr to come. Reason is most running projects rate base rate is 3.8--3.9 and now to end 2022 Malaysia / USA rate will be 4.4++ Dont expect Malaysia interest will surge faster than USA FED rate. Since SAP, Buy Raw Material / Income / Salary( foreign) / Borrow are all in US$.....SAP Cash Account will benefit significantly. This is the main reason SAP cash flow was in trouble when Oil crash below $50
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
OKU_2020
4,847 posts
Posted by OKU_2020 > 2022-06-27 18:36 | Report Abuse
Smell A Rat...
BOOOO CHOWWW CCCCC